| Accumulated Other Comprehensive (Loss) Income (“AOCL/AOCI”) |
Accumulated Other Comprehensive (Loss) Income (“AOCL/AOCI”): The components of AOCL/AOCI are summarized as follows using applicable blended average federal and state tax rates for each period: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | (in thousands) | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Net unrealized holding losses on debt securities available for sale | $ | (158,674) | | | $ | 40,430 | | | $ | (118,244) | | | $ | (2,205) | | | $ | 562 | | | $ | (1,643) | | Net unrealized holding (losses) gains on interest rate swaps and floors designated as cash flow hedges | (862) | | | 220 | | | (642) | | | 1,031 | | | (263) | | | 768 | | | Net unrealized gains on interest rate floors excluded time value component of cash flow hedges | 17 | | | (4) | | | 13 | | | — | | | — | | | — | | Total AOCL | $ | (159,519) | | | $ | 40,646 | | | $ | (118,873) | | | $ | (1,174) | | | $ | 299 | | | $ | (875) | |
The components of other comprehensive (loss) income for the periods presented are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | 2026 | | 2025 | | (in thousands) | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Net unrealized holding (losses) gains on debt securities available for sale: | | | | | | | | | | | | | Change in fair value arising during the period | $ | (125,434) | | | $ | 31,961 | | | $ | (93,473) | | | $ | 24,921 | | | $ | (6,368) | | | $ | 18,553 | | | Reclassification adjustment for net gains included in net income | (16) | | | 3 | | | (13) | | | — | | | — | | | — | | | $ | (125,450) | | | $ | 31,964 | | | $ | (93,486) | | | $ | 24,921 | | | $ | (6,368) | | | $ | 18,553 | | | Net unrealized holding gains (losses) on interest rate swaps and floors designated as cash flow hedges: | | | | | | | | | | | | | Change in fair value arising during the period | $ | (1,909) | | | $ | 487 | | | $ | (1,422) | | | $ | 109 | | | $ | (27) | | | $ | 82 | | | Reclassification adjustment for net interest income included in net income | (316) | | | 81 | | | (235) | | | (160) | | | 41 | | | (119) | | | | | | | | | | | | | | | (2,225) | | | 568 | | | (1,657) | | | (51) | | | 14 | | | (37) | | | Total other comprehensive (loss) income | (127,675) | | | 32,532 | | | (95,143) | | | 24,870 | | | (6,354) | | | 18,516 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, | | 2026 | | 2025 | | (in thousands) | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Before Tax
Amount | | Tax
Effect | | Net of Tax
Amount | | Net unrealized holding (losses) gains on debt securities available for sale: | | | | | | | | | | | | | Change in fair value arising during the period | $ | (155,971) | | | $ | 39,742 | | | $ | (116,229) | | | $ | 44,362 | | | $ | (11,333) | | | $ | 33,029 | | | Reclassification adjustment for net gains included in net income | $ | (498) | | | $ | 126 | | | $ | (372) | | | $ | — | | | $ | — | | | $ | — | | | $ | (156,469) | | | $ | 39,868 | | | $ | (116,601) | | | $ | 44,362 | | | $ | (11,333) | | | $ | 33,029 | | | Net unrealized holding gains (losses) on interest rate swaps and floors designated as cash flow hedges: | | | | | | | | | | | | | Change in fair value arising during the period | (1,029) | | | 263 | | | (766) | | | 359 | | | (91) | | | 268 | | | Reclassification adjustment for net interest income included in net income | (847) | | | 216 | | | (631) | | | (568) | | | 145 | | | (423) | | | | | | | | | | | | | | | (1,876) | | | 479 | | | (1,397) | | | (209) | | | 54 | | | (155) | | | Total other comprehensive (loss) income | $ | (158,345) | | | $ | 40,347 | | | $ | (117,998) | | | $ | 44,153 | | | $ | (11,279) | | | $ | 32,874 | |
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